Empire State Realty: Promising Signs, but Not Enough
Empire State Realty Trust (ESRT) is a self-administered and self-managed REIT that owns, runs, and purchases office and retail properties in Manhattan and the greater New York metropolitan area. The company prides itself on owning the Empire State Building, one of the world''s most famous buildings. As a result, the company also owns and operates its signature, newly reimagined Observatory Experience, which is located on the 102nd floor of the iconic building. As of its latest filings, Empire State Realty Trust owned 14 office properties comprising approximately 9.4 million rentable square feet of office space. I am neutral on the stock.
Empire State Realty: Promising Signs, but Not Enough
Empire State Realty Trust (ESRT) is a self-administered and self-managed REIT that owns, runs, and purchases office and retail properties in Manhattan and the greater New York metropolitan area. The company prides itself on owning the Empire State Building, one of the world''s most famous buildings. As a result, the company also owns and operates its signature, newly reimagined Observatory Experience, which is located on the 102nd floor of the iconic building. As of its latest filings, Empire State Realty Trust owned 14 office properties comprising approximately 9.4 million rentable square feet of office space. I am neutral on the stock.